dirttrackchic23 asked:


Give me a reason why credit would be important if someone already had a nice house, a good vehicle and credit cards to back them up in case of an emergency.

G-M-B-A asked:


Correct me if I’m wrong but when you “pay for deletion” you are paying for any record of the debt to be 100% removed from the report that a potential creditor would see (like when you buy a car or credit card) .

–BUT the debt is never actually deleted from the credit report that you and the CRA have access to.

So, there are actually 2 forms of credit report: one that potential creditors see, and one which only you and the CRA see.

Is this correct??

I am asking because in previous answers to my “pay for deletion” questions, alot of people are saying that debts are never 100% deleted from credit reports.
So that makes me wonder what the phrase “pay for deletion” means exactly?
Thanks!

CREDITBYCHARLES asked:

Credit increase by 150 – 200 points in 45 days. This is a proven system that i have researched for 12 months, and used my own funds to enter my clients into the program. credit score improve credit score credit scores banking credit rating credit bad credit

asked:


What are the cheapest reliable credit score companies where I Can get that efficient credit score that I need? I need to know what my credit score is so I can start looking for an apartment. And I know it must be bad, but I just want to make sure that it isn’t tooooo horrible.

Thanks.

jeanelle asked:


Hi can anyone know how to get the credit reports directly from credit companies. I want my credit report receipt from companies . If I go and ask them they will provide me report or not.

asked:


My credit score is still in the 400’s. I paid off all of my collections and my credit cards. I recently purchased a new car with a co-signer and i pay more than my monthly payment. But my credit score is still in the 400’s and it’s been more than a year since i paid everything off. Is there any other way to improve my credit score?

asked:


Sorry, multiple part question: What is the highest credit score possible and what is the lowest possible? What can you do to improve it? And the myth that using your ATM Debit card as credit can actually improve your credit score, is it true?

peggy s asked:


im planning to go out of the country, but i have a credit card problem which is im not paying for it for like 2 years,would the credit card compay would hold me? or would they file legal case against me because of my credit card and wouldnt able to go out of the country?was this happening due to credit card problems?

If you have more than $5,000 in credit card debt with relatively high interest rates, lowering your interest rates would provide you with significant financial benefits, easily lowering your payments by $100s per month. Here are 5 tips for getting lower interest rates.

Tip #1: Actively transfer balances to lower rate cards:

The easiest way to get lower rates is to transfer your balances to competing credit card companies who have extended you offers for better rates. Even a lower rate to the tune of 5% can make a huge difference in your monthly credit card debt payments and is worth doing. Try to avoid offers that charge a balance transfer fee or an annual card fee. But, even in those offers might be excellent options for you if you stand to save significantly on your monthly interest payments.

Tip #2: Request current lenders to lower your rates:

Place a call to your current credit company and request a lower rate. You may find that they are receptive, especially if you tell them you are comparing their best rate to offers you have received from their competitors. For a successful bid to have them lower your rates, it is best to have a credit score of at least 675. In any case, it is definitely worth a try.

Tip #3: Consider alternative loan options:

If you own a home, you may be able to borrow against the equity in your home at a significantly lower rate through an equity line of credit. An equity line of credit or similar financial instrument uses your home as collateral, so the lender is able to offer you a better interest rate than does your credit card company – even if you have poor or fair credit. If you do this, you can pay of your high-interest credit card debt and end up with net lower monthly payments.

Tip #4: Improve your credit score:

If your credit score is too low to qualify for better interest rates, there are concrete steps you can take to improve your score. Even an improvement of 40 or 50 points can save you $100s per month in debt payments. To begin, first pull your free credit report (go to Annual Credit Report Request Services online) and find out your score. Then, take the necessary steps to improve your score.

You can significantly lower your monthly credit card debt payments by qualifying for lower credit card interest rates. Transfer your balances to lower interest cards, ask your lender for a better rate, consider a home equity line of credit, or do whatever it takes to improve your credit score. It makes dollars and sense to do so.

By: Susan Willis

About the Author:

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I can still remember seven years ago when I applied for an American Express card online. It took more than one month for me to get approved. Nowadays it’s a lot different. With instant approval, you usually receive notice via email of your acceptance within seconds of completing an online card application. If you have a good to excellent credit record you can even get an easy approval credit card with guaranteed 10,000 limit or an easy instant approval student card, but what happens if have a bad credit score? Are you doomed to pay all your purchases in cash? Certainly not so don’t despair.

The first alternative for people with bad credit score is to get a “secure card.” There are some major card issuers which requires applicants to make a deposit or what we call “secure cards.” If you have a bad paying history, the most logical thing to do is save a little money to be used later on to “pre pay” a card. A secure card is a no credit card because the amount you can charge against the card is determined by the amount of your deposit. If you deposit, for example, $5,000, then you can charge up to $5,000 only. Hence, there is no actual “credit” being extended. Typically, these cards are marketed as no credit credit cards because of the fast, easy instant card approval.

The second alternative is to search for a “bad credit credit plastic” and find an easy approval unsecured credit, but they should try to resolve their bad credit issues and prevent further damage to their credit score.

While there are plenty of bad credit credit plastic choices available, they can do more harm than good if not used wisely. This is one way for a consumer to repair his damaged reputation by making up to date payments on his bad card and eventually upgrading to the real credit card in the future. And also a bad card charges a higher interest rate because of the increased risk to the issuer.

The third option is to apply for a debit card. Debit cards are cards that can be used depending on how much money the user transfers to the specific card. Consequently, the risk of running up credit card debt is nil. There are also no finance charges to contend with, only minimal fees for application, start-up and ATM card.

Credit cards for bad credit score were designed to rebuild credit that had been damaged. For those with no credit or poor credit there are secured credit cards, bad credit credit cards and debit cards but there are also unsecured cards that can be used for this purpose. These cards generally come with low credit lines (around $300) and additional fees. This kind of card will not allow you to on shopping sprees but it will certainly help you restore your damaged credit history. If you’re disciplined and pay all your bills on time you can ask for a credit increase after a while with an end goal of upgrading to an easy approval credit card with guaranteed 10,000 limit. Isn’t that wonderful? But in the meantime let’s concern ourselves with finding easy approval credit card applications with bad credit score.

By: Raul T. Cruz

About the Author:

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